This exceptional Class A office building, located at 7292 4th St N in St. Petersburg, Florida, presents a compelling investment opportunity. The 8,700 square foot building sits on a 27,000 square foot corner lot, offering excellent visibility and accessibility. Currently boasting 100% occupancy since August 21, 2023, the property features three suites, each with one or two separate entrances, ideal for multi-tenant use. The building's recent renovations (2001-2002, 2014, 2017, 2018, and 2022-2023) ensure a modern and well-maintained space. The primary tenant, a national physical therapy company, is under a five-year lease (commencing June 1, 2022, and expiring May 31, 2027) with a 3% annual rent bump, providing consistent income. The property includes 29 parking spaces and benefits from a metal roof with Karnak silicone sealant, a concrete security fence, and an inground sprinkler system. The building is zoned CCS-1 and offers a strong cap rate of 6.50%. The asking price is $3,400,000, translating to a land value of $434.83 per square foot. This turnkey property is perfect for an owner-user or investor seeking a stable, high-return investment in a rapidly growing area. The property is currently for sale by owner.
Highlights
Corner lot, 27,000 sq. ft., access from 4th Street North & 73rd Avenue. Landscaped with mature trees and sprinkler system.
8,700 sq. ft. building (7,819 rentable sq. ft.), three suites, each with multiple entrances. Freshly painted, perimeter sidewalk, and secured with fencing and a metal roof with Karnak silicone sealant.
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William Blackshear
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7292 4Th St, St. Petersburg, Florida, 33702
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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7292 4Th St
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